6. Using the information provided above calculate the Rate of Return on Farm Assets (ROFA) for...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
6. Using the information provided above calculate the Rate of Return on Farm Assets (ROFA) for 2017 and 2018 Assets Current assets Noncurrent assets Liabilities Current liabilities Noncurrent liabilities Total assets Total Lab, And Owners Equity Total liabilities Owners Equity Contributed capital & retained earnings Valuation/ personal asset equity Total owners equity 2016 2017 2018 56,000 59,500 64,000 150,500 171,000 180,000 201,000 230,500 244,000 44,500 48,000 52,000 86,000 102,000 110,000 130,500 150,000 162,000 38,200 40,000 32,300 40,500 41,000 41,000 70,500 80,500 82,000 201,000 230,500 244,000 7. Using the information provided above provide an index number trend series with 2017 base year. 8. Using the information provided above provide an common size balance sheet. 6. Using the information provided above calculate the Rate of Return on Farm Assets (ROFA) for 2017 and 2018 Assets Current assets Noncurrent assets Liabilities Current liabilities Noncurrent liabilities Total assets Total Lab, And Owners Equity Total liabilities Owners Equity Contributed capital & retained earnings Valuation/ personal asset equity Total owners equity 2016 2017 2018 56,000 59,500 64,000 150,500 171,000 180,000 201,000 230,500 244,000 44,500 48,000 52,000 86,000 102,000 110,000 130,500 150,000 162,000 38,200 40,000 32,300 40,500 41,000 41,000 70,500 80,500 82,000 201,000 230,500 244,000 7. Using the information provided above provide an index number trend series with 2017 base year. 8. Using the information provided above provide an common size balance sheet.
Expert Answer:
Answer rating: 100% (QA)
Question 1 2016 Change in Amount Change in 2018 Change in Amount Change in 2017 Assets Current Asset... View the full answer
Related Book For
Financial Reporting and Analysis
ISBN: 978-1259722653
7th edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
Posted Date:
Students also viewed these accounting questions
-
Using the information provided in BE5- 7, prepare a condensed, multiple- step income statement for the current year. Include supporting schedules. In BE5-7 Cam Corporation Trial Balance (Selected...
-
Using the information provided in E4- 16, prepare a worksheet including the columns for the unadjusted trial balance, adjustments, the adjusted trial balance, income statement, and balance sheet....
-
Using the information provided in E4- 6, prepare Dover Direct Insurance Agencys unadjusted trial balance at June 30, 2015. In E4- 6 Using the information provided in E4- 5, post Dover Direct...
-
Consider the problem of minimizing (x, y) = x subject to g(x, y) = (x 1) 3 y 2 = 0. (a) Show, without using calculus, that the minimum occurs at P = (1, 0). (b) Show that the Lagrange condition P =...
-
A manager must determine requirements for waiting space for customers. A priority system is used to process customers, who are assigned to one of two classes when they enter the processing center....
-
Distinguish between forward and futures contracts.
-
On February 11, 2009, plaintiff Levista, Inc. (plaintiff) filed against defendant Ranbaxy Pharmaceuticals, Inc. (defendant), pursuant to this Courts diversity jurisdiction under 28 U.S.C. 1332(a),...
-
Larussa Inc. is preparing its annual budgets for the year ending December 31, 2011. Accounting assistants furnish the data shown below. An accounting assistant has prepared the detailed manufacturing...
-
Traditionally, Hobbits have relied on private provision for their schooling. As the newly elected mayor of the Shire, Samwise Gamgee has decided to launch a public schooling option. The typical...
-
TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 1) Accounting is an information system that identifies, measures, records and 1) communicates relevant information...
-
Explain three different technologies for capturing, organizing, storing, and sharing of new knowledge for an organisation such as Eskom.
-
LaBella Inc.'s direct materials cost is $154,300, direct labor cost is $888,700, indirect materials cost is $1,250, indirect labor cost is $1,000, and other factory overhead costs are $15,700. What...
-
In 2022, vxtunarflagi hf. purchased shares worth 10,000 shares in Suurferir hf. for ISK 215,000 and classified the investment as a financial asset for sale. At year-end 2022, the fair value of the...
-
Create a local Network, consisting of 12 computers, a switch, three printers, and a WAN router the switch and router should be in the telecom closet to itself and printers should be in office room,...
-
Spacely Sprockets manufactures 31% of their sprockets on Neptune, and the remainder on Pluto. Of the sprockets made on Neptune, 2.3% are defective. Of the sprockets made on Pluto, 1.5% are defective....
-
Two partners each have a 50% interest in the partnership's capital and profits. The December 31, Year 3, balance sheet for the partnership is listed below. Adjusted Basis Fair Market Value Cash $...
-
Let U = {1, 2, 3, 4, 5, 6, 7, 8, 9, 10} be a universal set and define the following. A = {z EU | x < 8} and B = {x EU | x > 2} Find A UB and An B. Present your answer by listing the elements of the...
-
In Exercises, find the equation of the tangent line at the given point on each curve. 2y 2 - x = 4; (16, 2)
-
Jones Company has a postretirement benefit (health care) plan for its employees. On January 1, 2017, the balance in the Accumulated postretirement benefit obligation account was $300 million. The...
-
The following data have been extracted from the financial statements of Prentiss, Inc., a calendar-year merchandising corporation: Total sales for 2018 were $1,200,000 and for 2017 were $1,100,000....
-
Ashley Stores, Inc., sells gift cards for use at its stores. The following data pertains to 2019, 2020, and 2021, the company's first three years of operation: As of December 31, 2019, Ashley...
-
Describe a commercial banks assets and liabilities.
-
Financial intermediaries can manage the problems of adverse selection and moral hazard. a. They can reduce adverse selection by collecting information on borrowers and screening them to check their...
-
Define bank capital and key measures of bank profits and returns.
Study smarter with the SolutionInn App